Looking to diversify beyond XYZY? The ETFs below have the lowest correlation with XYZY — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from XYZY.
Best Diversifiers for XYZY
17 ETFs have low correlation with XYZY (below 0.3), 3 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Hamilton Energy YIELD MAXIMIZER ETF | -0.17 | — | — | 51 | Energy Equities, Derivative Income | XYZY vs EMAX.TO | |
| Global X Enhanced Canadian Oil and Gas Equity Cove... | -0.14 | — | — | 76 | Energy Equities, Derivative Income | XYZY vs ENCL.TO | |
| Hamilton Utilities YIELD MAXIMIZER ETF | -0.04 | — | — | 74 | Derivative Income, Utilities Equities | XYZY vs UMAX.TO | |
| Simplify Treasury Option Income ETF | 0.04 | — | — | 86 | Government Bonds, Ultrashort Bond, Derivative Income | XYZY vs BUCK | |
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg... | 0.10 | — | — | 54 | Derivative Income, Short-Term Bond | XYZY vs HBIL.TO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XYZY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XYZY and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Orchid Island Capital, Inc. | 0.28 | — | — | 63 | Real Estate | |
| Block, Inc | 0.97 | — | — | 51 | Technology |
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